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virtual terminal
(redirected from Virtual terminals)

    Also found in: Wikipedia 0.01 sec.
virtual terminal
(1) Software in a user's computer that emulates a particular type of hardware terminal in order to access a server. When personal computers began to proliferate in the late 1980s, virtual terminals enabled users to access the corporate minicomputers and mainframes from their PCs without having to use dedicated terminals. Also called "terminal emulation."

(2) Web browser-based access to a merchant services site for authorizing and entering credit card purchases. Instead of a physical terminal that can read the magnetic stripe on the card, the account information has to be manually typed in; however, it enables access from any online computer.

(3) Providing access to a database or an information system via a common interface such as a Web browser on any user's computer.
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By finding one that offers one plan for everything - traditional swipe machines, virtual terminals, and credit card processing via phone you not only save money, but set up your business to make more money as well.
Proven Ways to Help Your Business Survive & Thrive This Holiday Season by Diana Ennen / Business community
Based on interviews with 160 security professionals across 10 countries, PwC evaluated 12 technologies and took a deeper look at four: End-to-end encryption, tokenization, magnetic stripe imaging and virtual terminals.
PCI Council examines merits of new technologies by Dan Kaplan / SC Magazine
Like virtual terminals, online payment processors typically allow you to export the payment entries so you can load them into your constituent database.
Credit risk: a few good methods for payment processing by Quinn, Laura S. / The Non-profit Times
 
 
 
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